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Nvidia Invests $3.5 Billion in MediaTek Amid Rising Oil Prices

Guavy AI Editorial Team
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Nvidia's $3.5 billion strategic investment in MediaTek has sent shockwaves through the tech industry, driving the latter's shares limit-up on the Taiwan stock exchange.

The investment represents Nvidia's largest direct investment outside the United States to date and was widely interpreted as a powerful endorsement of MediaTek's AI chip transformation path.

Nvidia CEO Jensen Huang described the partnership as 'formalizing a collaboration to build AI factories together', with MediaTek poised to accelerate its AI chip business following the deal.

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